New Quarter, Same Story: Markets Continue Steep Sell-Off

The video discusses the current state of the financial markets, highlighting continued selling in the S&P 500 and significant losses in the Russell 2000. It explores investor concerns over a prolonged economic shutdown affecting corporate profits and dividends. The bond market shows a risk-off sentiment with declining yields, while the dollar strengthens as investors seek safety. The S&P 500 is analyzed, showing some optimism but warnings of potential further declines. The retail sector faces challenges, with companies like Macy's and L Brands experiencing severe impacts due to COVID-19, including store closures and reduced traffic.

Discuss the performance of the retail sector during the current economic climate.

What challenges are Macy's and other retailers facing due to the coronavirus?